The global wireless charging market is still in the nascent stage of development and is anticipated to witness strong growth, majorly supported by the growing demand from consumer electronics segment. With the advancements in technology, fast developing wireless infrastructure, and shift towards hassle-free charging solutions, the application of wireless charging technology is presumed to expand beyond consumer electronics segment into verticals including automotive, healthcare, and industrial among others. The growth in the wireless charging market is also spurred by the huge investments made by industry participants in the technology development. These investments are focussed towards developing new technologies for wireless power transfer with higher efficiency and low power losses. Furthermore, the efforts are also made by the companies to improve the transmission range so as to facilitate charging of devices over a long distance.

The research study titled “Global Wireless Charging Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global Wireless Charging industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on technology, end-use application and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading wireless charging solution providers, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report include Qualcomm, PowerbyProxi, WiTricity Corporation, and Integrated Device Technology (IDT) among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the global Wireless Charging industry
• Comparative analysis for different segments for the years 2016 & 2025
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global Wireless Charging market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

There has been a lot of hype surrounding the potential of wireless charging technology and its use for different electronic products across different industry verticals. With the advancements in technology and development of robust infrastructure supporting seamless wireless charging, the technology is expected to thrive and become main stream by the end of the forecast period.

As of 2016, the consumer electronics segment was the largest revenue contributor to the global wireless charging market. The segment accounted for over half of the global market revenue in the same year. The trend is presumed to continue and the segment is presumed to retain its dominant position throughout the forecast period 2017 – 2025.  In view of growing demand for smartphones, tablets, and other portable electronics, leading wireless charging solution providers are increasingly developing wireless charging solutions compatible with consumer electronic products. These solution providers are forming strategic partnerships with electronic product manufacturers to develop wireless charging enabled devices. Other end-use segments including healthcare and automotive are also expected to witness strong growth over the forecast period 2017 - 2025.

In the base year 2016, North America comprising the United States and Canada represented the largest wireless charging market in terms of revenue. The region accounted for over 38% of the global market revenue in the same year. The U.S. represents the largest and most lucrative wireless charging market worldwide. The dominance can be attributed to the government support and presence of large base of companies that are continually investing in wireless charging infrastructure development. For instance, the U.S. government recently established 45 national EV corridors acting as wireless charging networks on highways. Overall higher acceptance to technological innovations boosts demand for innovative solutions in the region. The trend shall prolong and the region is presumed to remain the largest wireless charging market worldwide. As manufacturers and technology developers seek to gain first-mover advantage, we expect increased technology penetration in the emerging economies of Asia over the forecast period 2017 – 2025.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wireless Charging market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wireless Charging market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wireless Charging market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wireless Charging market?
• Which is the largest regional market for Wireless Charging market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wireless Charging market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wireless Charging market worldwide?